We take big loans weekly

Interim President Ilie Bolojan He spoke about the economic situation, in the context in which Romania reached a budget deficit of 9.3%. Bolojan was asked, in the Political Insider show, from Prima TV, if he did not worry the 9.3% deficit generated by the ruling coalition.

«  » I believe that any rational man, who understands what budgets mean, you have to worry about this. Because, in fact, what it means? We take big loans weekly. These loans allow us to work, so we spend more than we could allow, but they have the effect of interest and the interest. We see that there are some economic turbulence globally and it seems that there is a slowdown in investments, because there is no predictability, there is a slowdown in trade.

I looked these days and saw, for example, that in the ports of the United States, since this (commercial-no) war with China, trade has decreased, as a volume in ports, by 40%. With Europe, things are still 90 days, but who knows how it will end. Anyway, therefore, there are some trepidations that can lead us to recession. When a high degree of indebtedness is always coupled, with high interest, with a slight recession, it means to return in the period 2008-2010 ”, warned Ilie Bolojan.

He asked for the elimination of unnecessary expenses and reform of state companies. Ilie Bolojan also announced that PNRR will not be postponed at European level, so we can absorb all the money by the end of 20207 or we will lose European funds.

« Let’s eliminate unnecessary expenses, bring the institutions that have been out of control, state companies, under a certain control and, indeed, work systematically to reduce expenses, to absorb European money. One of the discussions with the budget commissioner was clear: because any modification to this PNR program means a vote in 27 So low. Because those who have some money will somehow do it, ”explained Ilie Bolojan.